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20120928
20121006
Search Results 0 to 7 of about 8 (some duplicates have been removed)
be notified as required by law that they could be out of work. mike emanuel is live in washington. this really affects all of us. if all of those employees are unemployed that really can move our unemployment rate and the job situation in this country, mike. what exactly is the law and what is being done right now? >> reporter: jenna the law is call the warn act which is supposed to provide 60 days notice ahead of mass layoffs, if those pentagon cuts could take effect. the obama administration says don't send out the notices right before election day, and if you, government contractor gets sued we'll pay your legal bills. i asked an expert if that is legal. >> the administration has said that you don't have to send out these notices, because we haven't given you the specific information as to what plans, what projects will be cut. the o & b was supposed to produce that information. have you a rather bizarre game of chicken, on this occasion, however it will be thousands of workers that go over the cliff. but ultimately it comes down to the administration saying we think we going to win. >> rep
will remain in the law. and what will happen is that we'll cut government services and they've already said what they want to cut. big bird is a little tiny part of it. >> yeah. >> they want to gut medicare, they want to gut social security. they want to increase military spending way beyond what the pentagon wants when we're shutting down these two wars. >> all right. i want to play this. here's what romney said regarding deductions of outsourcing. here it is. >> as you said, you get a deduction for taking a plant overseas? look, i've been in business for 25 years. i have no idea what you're talking about. i maybe need to get a new accountant. >> what's he lying about here? >> there are a whole varieties of subsidies that go to companies that move overseas. there's a report out momentarily, or recently, about $168 million. that's a small part of it. one of the fundamental rules here is that american corporations are allowed to build up untaxed profits offshore. american companies are sitting on $6 trillion of cash. that's $20,000 for every man, woman and child, and about half of it is unta
Search Results 0 to 7 of about 8 (some duplicates have been removed)